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Global Duty-Free Retailing Market 2017-2021

Global Duty-Free Retailing Market 2017-2021

About Duty-Free Retailing

Duty-free retailers are those who are exempted from certain local and national taxes and duties because they sell goods to international travelers. However, taxes may be imposed on such goods once the buyer reaches their country of destination or when the value or quantity of those goods exceeds certain limits. Such retailers operate at international airports, border towns, seaports, train stations, and onboard aircraft and ships. These retailers offer products like perfumes, cosmetics, alcohol, cigarettes, chocolates, electronics, and accessories.

Technavio’s analysts forecast the global duty-free retailing market to grow at a CAGR of 8.56% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global duty-free retailing market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of various consumer products to individual customers at duty-free retail stores globally.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • MEA
Technavio's report Global Duty-Free Retailing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Dufry
  • Lagardère
  • Lotte Shopping
  • LVMH
Other prominent vendors
  • Aer Rianta International (ARI)
  • China Duty Free Group
  • Dubai Duty Free
  • Duty Free Americas
  • Gebr. Heinemann
  • JR/Group (James Richardson)
  • King Power International Group (Thailand)
  • The Shilla Duty Free
Market driver
  • Premium product offerings and exemption of excise duties
  • For a full, detailed list, view our report
Market challenge
  • Lesser focus on shopping at travel points
  • For a full, detailed list, view our report
Market trend
  • APAC: Region with the highest growth rate
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Duty-Free Retailing Market 2017-2021

Technavio recognizes the following companies as the key players in the global duty-free retailing market: Dufry, Lagardère, Lotte Shopping, and LVMH.

Other Prominent Vendors in the market are: Aer Rianta International (ARI), China Duty Free Group, Dubai Duty Free, Duty Free Americas, Gebr. Heinemann, JR/Group (James Richardson), King Power International Group, and The Shilla Duty Free.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is APAC: Region with the highest growth rate. APAC is the fastest-growing region in the global duty-free space, primarily due to the increasing airport traffic and thriving tourism industry. In 2015, the number of international travelers to the region, in terms of international tourist arrivals, reached above 279 million. This number represented a growth of more than 5.5% compared with the previous year. Northeast Asia is the largest contributor, having close to 50% contribution of the number of international travelers. In line with this, the tourism industry in APAC is also growing significantly.”

According to the report, one of the major drivers for this market is premium product offerings and exemption of excise duties. Duty-free retailing is mostly concentrated on the sales of luxury brands of fashion goods, accessories, hard luxury items, cosmetics, fragrances, and wines and spirits. Within these categories, fashion goods, accessories, hard luxury items, cosmetics, and fragrances accounted for 64.43% of the total revenue generated in the global market in 2016. This data indicates that premium categories play a pivotal role in determining sales in the duty-free retailing space.

Further, the report states that one of the major factors hindering the growth of this market is lesser focus on shopping at travel points. The limited vacation time for many tourists compels them to focus more on traveling rather than spending time on related activities like shopping. While analyzing the daily footprint data of travelers in any given busy international airport, it was found that only 5%-10% of the total number of travelers tend to visit duty-free retail stores within the airport.

Companies Mentioned

Dufry, Lagardère, Lotte Shopping, LVMH, Aer Rianta International (ARI), China Duty Free Group, Dubai Duty Free, Duty Free Americas, Gebr. Heinemann, JR/Group (James Richardson), King Power International Group, The Shilla Duty Free.

  • Executive summary
  • Scope of the report
    • Market overview
      • Table Global duty-free retailing market by product category
      • Table Global duty-free retailing market by distribution channel
      • Table Global duty-free retailing market by geography
    • Key-vendor offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Global duty-free retailing market: Opportunity analysis
  • Economic indicators
    • Global economic indicators
      • Table World: Key economic indicators 2015
      • Table World population 2010-2015 (billions)
      • Table World GDP per capita 2010-2015 ($)
      • Table Global employment to population ratio 2009-2014 (%)
      • Table World internet penetration rate 2010-2015 (%)
      • Table World mobile cellular subscription rate 2010-2015 (%)
      • Table Global urban population (% of total population)
  • Market landscape
    • Market overview
      • Table Global duty-free retailing market 2016-2021: An overview
    • Market size and forecast
      • Table Global duty-free retailing market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product category
    • Global duty-free retailing market by product category
      • Table Global duty-free retailing market by product category 2016 and 2021 (% share)
      • Table Global duty-free retailing market by product category 2016-2021 ($ billions)
    • Global duty-free retailing market for fashion, accessories, and hard luxury products
      • Table Fashion, accessories, and hard luxury products
      • Table Global duty-free retailing market for fashion, accessories, and hard luxury products b2016-2021 ($ billions)
    • Global duty-free retailing market for cosmetics and perfumes
      • Table Global duty-free retailing market for cosmetics and perfumes 2016-2021 ($ billions)
    • Global duty-free retailing market for wines and spirits
      • Table Global duty-free retailing market for wines and spirits 2016-2021 ($ billions)
    • Global duty-free retailing market for tobacco
      • Table Global duty-free retailing market for tobacco 2016-2021 ($ billions)
    • Global duty-free retailing market for confectionery and fine foods
      • Table Global duty-free retailing market for confectionery and fine foods 2016-2021 ($ billions)
    • Overall comparison of product segments
      • Table CAGR, market share, and base value comparison of product segments 2016
  • Market segmentation by distribution channel
    • Global duty-free retailing market by distribution channel
      • Table Global duty-free retailing market by distribution channel 2016 and 2021 (% share)
      • Table Global duty-free retailing market by distribution channel 2016-2021 ($ billions44)
    • Airports
      • Table Popular airports having duty-free retail stores
      • Table Global duty-free retailing market through airports 2016-2021 ($ billions)
    • Border, downtown, and hotel shops
      • Table Global duty-free retailing market through borders, downtown, and hotel shops 2016- 2021 ($ billions)
    • Cruise lines, ferries, and seaports
      • Table Global duty-free retailing market through cruise lines, ferries, and seaports 2016- 2021 ($ billions)
    • Rail stations and others
      • Table Global duty-free retailing market through 49rail stations and other channels 2016- 2021 ($ billions)
    • Overall comparison of distribution channels
      • Table CAGR, market share, and base value comparison of distribution channels 2016
  • Geographical segmentation
    • Global duty-free retailing market by geography
      • Table Global duty-free retailing market by geography 2016 and 2021 (% of total revenue)
      • Table Global duty-free retailing market by geography 2016-2021 ($ billions)
    • Duty-free retailing market in APAC
      • Table Duty-free retailing market in APAC 2016-2021 ($ billions)
    • Duty-free retailing market in Europe
      • Table Duty-free retailing market in Europe 2016-2021 ($ billions)
    • Duty-free retailing market in the Americas
      • Table Duty-free retailing market in the Americas 2016-2021 ($ billions)
    • Duty-free retailing market in MEA
      • Table Duty-free retailing market in MEA 2016-2021 ($ billions)
    • Overall comparison of regions
      • Table CAGR, market share, and base value comparison of regions 2016
  • Key leading countries
    • Table Key leading countries 2016
    • Table Key leading countries by revenue share 2016 (%)
    • South Korea
      • Table South Korea: Market overview
      • Table Duty-free retailing market in South Korea 2016-2021 ($ billions)
    • China
      • Table China: Market overview
      • Table Duty-free retailing market in China 2016-2021 ($ billions)
    • US
      • Table US: Market overview
      • Table Duty-free retailing market in the US 2016-2021 ($ billions)
    • UK
      • Table UK: Market overview
      • Table Duty-free retailing market in the UK 2016-2021 ($ billions)
    • Germany
      • Table UK: Market overview
      • Table Duty-free retailing market in Germany 2016-2021 ($ billions)
  • Market drivers
    • Table Market drivers
    • Increasing number of airport visitors and international travelers
      • Table International tourist arrivals 2016-2025 (billions)
    • Premium product offerings and exemption of excise duties
    • Expansion of retailers offering duty-free products
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Market challenges
    • Reduction in the minimum baggage weight
    • Lesser focus on shopping at travel points
    • Regulations on duty-free tobacco products
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Market trends
    • APAC: Region with the highest growth rate
      • Table International tourist arrivals in APAC 2015 (%)
      • Table International tourism receipts in APAC 2015 (%)
    • International retailers focusing on M&As
    • Entry of global brands
  • Vendor landscape
    • Key insights
    • Comparative analysis of key vendors
      • Table Comparison of the operating margins of key vendors in FY2015 (%)
      • Table Comparison of sales growth FY2014-FY2015 (%)
      • Table Key vendors: Benchmarking on product offerings and geographical presence
      • Table Key vendors: Comparative analysis of product portfolio, product pricing, and geographical presence
    • Dufry
      • Table Dufry: Business segmentation by revenue 2015 (%)
      • Table Dufry: Geographical segmentation by revenue 2015 (%)
      • Table Dufry: Product segmentation by revenue 2015 (%)
      • Table Dufry: Distribution channel segmentation by revenue 2015 (%)
      • Table Dufry: Major developments
    • Lagardère group (Lagardère)
      • Table Lagardère: Business segmentation by revenue 2015 (%)
      • Table Lagardère Travel Retail: Segments
      • Table Lagardère Travel Retail: Business segmentation by revenue 2015 (%)
      • Table Lagardère Travel Retail: Geographical segmentation by revenue 2015 (%)
      • Table Lagardère: Major development
    • Lotte Shopping
      • Table Lotte Shopping: Business segmentation by revenue 2015 (%)
      • Table Lotte Shopping: Major development
    • LVMH
      • Table LVMH: Business segmentation by revenue 2015 (%)
      • Table LVMH: Geographical segmentation by revenue 2015 (%)
      • Table DHS: Product segmentation
      • Table LVMH: Major development
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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